Iranian traders will not be allowed to use preferential exchange rates for importing butter and frozen chicken, as per a new regulation passed by the Trade Promotion Organization of Iran,…
Economy
More than 350 tons of saffron were produced in the last Iranian year (March 2015-16), which was 25% more than the year before, Deputy Agriculture Minister Mitra Majdzadeh said. “The area under…
Halal production is a lucrative business and its growing global demand requires Iran and other Muslim countries to seriously pursue the trading of halal products.
It is estimated that in…
Mass production of Lifan 820 began at Kerman Motors Company and sales started on May 21 at all official showrooms, the company's head of customer support said. As announced earlier, Lifan…
As part of SAIPA's push to develop its regional market, one of its latest locally assembled products, Ario—a midsize sedan—has been released in the southern Iraqi city of Basra. SAIPA has…
German regulators suspect that Italian-American automaker Fiat Chrysler, like Volkswagen, used illegal software to cheat on emissions tests, a newspaper report said on Sunday.
The German…
Iran Khodro Company is in talks with India's Tata Motors to set up a joint venture for assembling its gasoline cars in Iran, as Tata looks to tap the fast growing market that has just emerged from…
New deposits of thermal and metallurgical coal have been discovered in the north and central Iran, which are estimated to be more than 350 million tons, announced Iran Minerals Production and…
Iran's central bank is trying to enhance the interbank market by using new instruments, like Islamic repo agreements, which would also help “form a debt market in the country,” according to the…
Britain and Europe are trying to come up with new mechanisms to help reestablish banking relations with Iran, said the UK Secretary of State for Foreign and Commonwealth Affairs, Philip…
Trends in Tehran’s housing prices decry the bitter truth that it is grappling with recession since November 2013 with no signs of respite any time soon. However, data shows that home sales…
Larger UK banks may keep on avoiding business with Iran as long as the US sanctions program remains in place, but smaller and middle-sized banks and businesses are keen on commercial engagement…
Iranian and Singaporean officials discussed launching a joint bank, in an attempt to ease investments and commercial relations, said head of Iran’s Chamber of Commerce, Industries, Mining and…
According to the latest figures released by the Ministry of Industries, Mining and Trade, “Food and Beverage Industries” and “Chemical Materials and Products Manufacturing” groups were “the most…
Unrestrained imports of steel products are one of the main impediments to the domestic steel industry’s growth, says the sales manager of Mobarakeh Steel Company, Mahmoud Akbari.
Tehran Stock Exchange’s main index inched up 35 points or 0.05% to close trade at 76,448 on Saturday.
Robust gains by auto manufacturers, large-cap engineering holdings and investment…
Low demand is taking its toll on Iran’s home appliances sector, especially its fridges and air conditioning systems.
Back in the 80s, 170 fridge manufacturers were operating in Iran, which…
Iran’s Agricultural Minister Mahmoud Hojjati and New Zealand’s Foreign Minister Murray McCully signed a memorandum of understanding for furthering agricultural cooperation, IRNA reported.
A 13-member delegation of government officials and businesspeople are due to arrive in Iran’s Alborz Province on Monday to survey opportunities of bilateral cooperation with their Iranian…
More than 100 traders from Iran and Russia are scheduled to attend a two-day business forum that will open in Moscow’s Radisson Royal Hotel on May 24 to discuss ways of promoting bilateral trade…
Iran is the second biggest exporter of dairy products in the Middle East after Turkey, according to Mohammad Reza Sanjabi, the head of Holstein Association of Iran.
“At present Iran has…
The elimination of troubled business entities and emergence of efficient companies are normal mechanisms of a market-based economy, Iranian economist Farrokh Qobadi said.
The goods and services Consumer Price Index for urban areas in the 12-month period ending May 20, which marks the end of the Iranian month of Ordibehesht, increased to 10.2% compared with last…
As Iran moves away from biting western sanctions in 2016, international corporations are beginning to take note of the country's potentials in driving their profits.
Several international…
Former mobile phone maker Nokia is cutting 1,032 jobs in its main base in Finland, as part of a cost-cutting program following its acquisition of Alcatel-Lucent, the telecom network equipment…
